EV Incentives

The Federal Plug-in Electric Drive Vehicle Tax Credit can significantly reduce the cost of purchasing a new electric vehicle. The Federal tax credit can be as much as $7,500! Tax credit amounts vary based on the purchaser's tax liability and the specific vehicle. The Federal EV Tax Credit is in addition to the discounts offered through the Live Electric Program. These incentives are set to expire, so the time to go electric is now!

Federal Tax Credits:

Tax Credit Amount:

Purchase - Up to $7,500, based on the kilowatt-hour capacity of the battery

Lease - Varies. Only the original purchaser of the vehicle is eligible for the tax credit, so most leasing companies (dealerships) will claim the credit and pass the savings on to the leasee via lower monthly lease payments.

Details: The Federal tax credit is available for the purchase or lease of new qualifying electric vehicles. The amount of the credit is based on the battery capacity of the car, with a cap of $7,500. The battery capacity of the car must be at least 5 kilowatt-hours (kWh), for which you receive a credit of $2,500. An additional $417 is added to the credit for each additional kilowatt-hour of battery capacity up to the $7,500 cap.

As a note, all 2018 Nissan Leaf models come standard with a 40-kWh battery, meaning that they all qualify for the full $7,500 amount from the federal tax credit.

Expires: Set to expire when a given manufacturer has sold 200,000 qualifying electric vehicles in the U.S. (no manufacturer has reached this cap yet).

*Consult with a tax attorney regarding your eligibility for the aforementioned incentives. U Drive Electric or Drive Electric Northern Utah make no guarantees about the availability of incentives or participant ability to take advantage of the incentives.

Rocky Mountain Power EV Incentives:

In addition to the discounts offered through the Live Electric EV Discount Program, Rocky Mountain Power is also offering EV charging incentives, an EV time of use (TOU) rate, and more! Learn more at Rocky Mountain Power's website here.

Disclaimer: Drive Electric Northern Utah will be open to all eligible, interested individuals in the project area. Dealers have been selected and arrangements made for discounts on electric vehicles for community members. Contracts to purchase or lease vehicles through the Drive Electric Northern Utah program are between program participants and the participating dealers. Utah State University, Weber State University, Utah Clean Energy, and the Volunteer Steering Committee are neither a party to nor responsible for any sales or lease agreements through the program.

Program Sponsors: Program Support: Disclaimer: Community electric vehicle projects will be open to all eligible, interested individuals in the project area. All contracts and financial negotiations and obligations will be between the dealership(s) and the customer. Utah Clean Energy is not responsible for any compensation or financial obligations as a result of this initiative.